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A company purchased 6,000 shares of its own comon stock at $20 per share on January 3rd. What entry is made when they sell 1,200
A company purchased 6,000 shares of its own comon stock at $20 per share on January 3rd. What entry is made when they sell 1,200 treasury shares on March 1 for $25 cash per share. Identify the correct journal entry.
Cash $30,000 Treasury Stock $24,000 Paid in Capital, Treasury Stock 6,000 | ||
Cash $30,000 Paid in Capital Treasury Stock $30,000 | ||
Cash $24,000 Treasury Stock 24,000
| ||
Cash $30,000 Treasury Stock $ 6,000 Paid in Capital, Treasury Stock 24,000 |
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